Description
⋅ looks like a 5-3-5 setting up. the recent downtrend was a pretty obvious 5 wave down (i think).
will wait for oil to finish consolidating and look for buys at 44-45.5 range (order block + fib level).
should also see macd or RSI divergence when we make a lower low
could possibly trade a wave down if we do complete a 3 wave up (AB = CD, divergence on lower TF).
bound between orange and grey boxes. may drop to purple box(s) before continuing up to orange box and down to grey